ABSTRACT: >From a web page of Microsoft we learn: In mid-March 2001, VeriSign, Inc., advised Microsoft that on January 29 and 30, 2001, it issued two VeriSign Class 3 code-signing digital certificates to an individual who fraudulently claimed to be a Microsoft employee. The common name assigned to both certificates is "Microsoft Corporation". The ability to sign executable content using keys that purport to belong to Microsoft would clearly be advantageous to an attacker who wished to convince users to allow the content to run. Note that VeriSign is one of the largest "Certifying Authorities" in the USA. This lecture starts by surveying the importance of PKI, which relies on so called "digital certificates". The aforementioned case illustrates that such digital certificates may not be trusted. This may be due to insider mismanagement or to the fact that the computers that generate these digital certificates are vulnerable to hacking. Methods to deal with such insider's or outsider's "attacks" are discussed and compared. This leads to the more general question on how to reliably communicate over a network with active attackers. Solutions have been proposed for several decades. Recent progress on how to achieve this adding privacy and authenticity is also discussed. Finally the question of how these issue become more complex when dealing with unknown networks, as they occur in ad-hoc networks is briefly discussed. SHORT BIO: Yvo Desmedt received his Ph.D. (Summa cum Laude) from the University of Leuven, Belgium (1984). He is presently a professor at Florida State University (Computer Science) and a visiting professor of Information Security at Royal Holloway, University of London. His interests include cryptography, network security and computer security. He has authored more than 100 papers in international conferences and journals. He was program chair of PKC (Public Key Cryptography) 2003, the 2002 ACM Workshop on Scientific Aspects of Cyber Terrorism and Crypto '94. He is an editor of the Journal of Computer Security, and of Information Processing Letters and is a director of the International Association for Cryptologic Research. Yvo Desmedt is ranked as the 2nd most prolific author (out of 1165 researchers) in Crypto/Eurocrypt. He has given invited lectures at several conferences and workshop in 5 different continents and more than 100 invited lectures for industry and academia. He is a recipient of the Society of Worldwide Inter-bank Funds Transfer (SWIFT) award.